This is a great educational article by BiggerPockets.com. If you’re thinking about becoming an out-of-state Retail Investor that own turnkey rental properties, the key to a successful property on an ongoing basis is your property management company. We help you manage the professional property management company for the first 12 months if you’re a Traditional Investor who chooses to keep your newly rehabbed rental property and if you’re a Retail Investor, we can also provide that oversight for a fee of 2% of the monthly gross rent (that’s on top of the property management fee). We follow many of the tips in the article.
https://www.biggerpockets.com/blog/how-to-manage-a-property-management-company